NCLT Mumbai Bench sanctions demerger of Calmanac mental health software business from Humane Business Intelligence to Calmanac Private Limited.
Scheme involves 1:1 share exchange ratio for shareholders and an appointed date of 01 May 2026.
Rationale includes business segregation, focused growth, independent valuation, and ring-fencing of risks and liabilities.
No objections were received from statutory authorities, creditors, or shareholders against the proposed arrangement.